Sr. Manager, Lease Accounting
Listed on 2026-07-30
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Accounting
Financial Reporting, Accounting Manager, Financial Compliance
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Job SummaryWe are seeking a forward-thinking Senior Manager to lead lease accounting and close execution for a portfolio of real estate and equipment leases across a fast-paced QSR environment. This role is accountable for the end-to-end lease accounting lifecycle under US GAAP (ASC 842), including governance of lease intake/change capture, Lucernex subledger governance, monthly close accounting, reconciliations and tie-outs to the general ledger, SOX/ICFR controls and evidence standards, and quarterly/annual reporting support.
This position reports to the Sr. Director, Accounting and partners closely with Accounts Payable, Real Estate, Trans Papa Logistics (TPL), FP&A, Technical Accounting, Reporting, and Information and Digital Solutions (IDS) to ensure (1) accounting-impact data is captured timely and accurately, (2) conclusions are applied consistently and documented, and (3) transactional processing and non-accounting "relationship management" activities are routed appropriately so the team can focus on governance, compliance, and reporting excellence.
The role will also promote modern, tool-agnostic automation and AI-enabled ways of working to accelerate close and strengthen decision support through practical use cases and repeatable team playbooks.
- Govern lease intake/change capture and accounting-impact data standards across stakeholders (Real Estate, TPL, Legal, etc.).
- Maintain the lease accounting operating cadence: close calendar, deliverables, tie-outs, review checkpoints, and evidence requirements.
- Govern Lucernex as the lease subledger (accounting-impact fields, validation/approval thresholds, exception handling, and periodic data quality review).
- Lead ASC 842 accounting including classification/measurement and Day 2+ activity (modifications, remeasurements, renewals, terminations, and reassessments).
- Ensure consistent accounting for key lease-related items (variable rent, prepaids/deferrals, incentives/allowances, deposits, and other lease-related balance sheet activity).
- Lead monthly close execution: prepare/review journal entries, reconciliations, and variance explanations; resolve exceptions and ensure timely completion.
- Own key tie-outs (Lucernex GL) and maintain standard reconciliation templates and review evidence.
- Support quarterly/annual reporting and audits with disclosure support packages, roll forwards/tie-outs, and clear walkthrough narratives.
- Operate and improve SOX/ICFR controls for lease processes (documentation standards, evidence retention, monitoring, and remediation).
- Serve as primary point of contact for audit requests related to leases; coordinate PBC responses and ensure audit-ready documentation and support.
- Work collaboratively with AP to continuously assess workflows, optimize responsibilities across teams, and support efficient processing while ensuring strong controls, approvals and governance.
- Partner with Real Estate and TPL to improve upstream lease administration quality and ensure lease changes are communicated and captured timely.
- Collaborate with Technical Accounting, Reporting, and IDS to align on complex accounting conclusions, reporting requirements, and workflow discipline.
- Deliver practical improvements that accelerate close and improve decision support (e.g., reconciliation preparation, exception triage workflows, and standardized variance narratives).
- Build repeatable playbooks (templates, checklists, and training materials) to drive adoption, consistency, and reduced rework.
- Lead, coach, and develop team members; build cross-coverage and promote a culture of accountability, documentation discipline, and continuous improvement.
- Bachelor's degree in Accounting, Finance, or related field required.
- CPA strongly preferred
- 7+ years of progressive accounting experience, including 3+ years in a people leadership and/or process ownership role.
- Strong technical knowledge of US GAAP lease accounting (ASC 842), including Day 2+ modification and remeasurement concepts.
- Demonstrated experience leading monthly close activities, balance sheet reconciliations, and controls/evidence practices in a SOX/ICFR environment.
- Experience operating a lease accounting subledger/system (Lucernex or similar) and partnering across functions to govern data quality and workflow discipline.
- Experience in QSR, real estate, multi-unit retail, distribution, fleet, or similarly asset/lease-intensive environments preferred.
- Demonstrated
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